A Review on Blockchain Technology, Current Challenges, and AI-Driven Solutions

Abstract

Blockchain provides several advantages, including decentralization, data integrity, traceability, and immutability. However, despite its advantages, blockchain suffers from significant limitations, including scalability, resource greediness, governance complexity, and some security related issues. These limitations prevent its adoption in mainstream applications. Artificial Intelligence (AI) can help addressing some of these limitations. This survey provides a detailed overview of the different blockchain AI-based optimization and improvement approaches, tools and methodologies proposed to meet the needs of existing systems and applications with their benefits and drawbacks. Afterwards, the focus is on suggesting AI-based directions where to address some of the fundamental limitations of blockchain.